Um, I Already Knew That: The No-brainer Money Saver Quiz

Some of the most basic money saving tips are easy to overlook or forget about. We're sure you already know about these no-brainer money savers, but test your knowledge … just in case.

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Question 1 of 20

Stores frequently put clothes that are out of season on the clearance rack at a steep discount.

true

Though you'll have to plan your clothes shopping a few months ahead, there's enormous savings to be found on those clearance racks.

false

Question 2 of 20

Laundry detergent is a good product to buy in bulk.

true

Detergent doesn't go bad and is easy to store.

false

Question 3 of 20

While you're stocking up on detergent, buy a few jugs of bleach while you're at it.

true

false

Bleach actually starts to become less potent after six months.

Question 4 of 20

Riding a bike to work can save you almost $50 per week.

true

Depending on the length of your commute and current gas prices, just your gas savings alone could equal $50.

false

Question 5 of 20

Public transportation is the best option for the budget-conscious commuter.

true

false

Taking a bus or train may be the quickest or most convenient mode of transport in your city, but riding a bike is cheaper.

Question 6 of 20

Paper goods are ideal for buying in bulk. Go ahead, buy that 32-pack of paper towels as long as you have room to store it!

true

Paper goods store easily, never go bad and are always useful.

false

Question 7 of 20

Versatile items are best when it comes to clothes shopping.

true

A shirt that goes well with several different outfits or is useful in multiple situations offers the best value.

false

Question 8 of 20

Buying in bulk can save you five to 10 percent on some items.

true

You might be able to save even more at a club store -- enough to outweigh the cost of the membership.

false

Question 9 of 20

It's possible to make coffee at home for just a few cents per cup.

true

Even with moderately priced premium coffee, you can still make your own for less than $1 per cup.

false

Question 10 of 20

Turning the heat down when you leave the house is pointless because you use up any energy you save warming the house up again.

true

false

The energy savings as the house cools balances the extra energy to warm it back up. The energy savings come from the period you leave the temperature low -- the longer you keep it down, the more you save.